Watch Out For A Low Float Dynamite Situation: Nasdaq Profile (LIXT) Is On Alert
And just like that, the hits keep rolling...
My alert for Tuesday AM capped off an impressive 26% (approx.) intraday run after opening at $.347 and running to a high of $.44.
That comes on the heels of an approx. 31% mover that ran from this past Friday's $.70 close to an October high on Monday of $.9225.
The week before that? Two runners of approximately 28% and 258% a piece!
All in all, that's 4 breakout runners totaling approximately 343% combined!
Now, it's time to focus on a new breakout idea...
To give an idea of what's below, you need to drill home one key detail. This is a low float profile.
That means volatility, like we've seen in several of our previous breakout ideas, could be ever-present in a big way.
With fewer than 2Mn shares in its float (more on that in sec), this Nasdaq profile needs to be on radar right now:
*Lixte Biotechnology Holdings, Inc. (LIXT)*
And it's time to fixate on one key detail above all others...
LIXT's Low Float Creates Volatile Potential
According to the Yahoo Finance website, LIXT has a very low float.
The website reports this profile to have roughly 1.96Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could positive company news towards the end of 2023 provide LIXT with a breakout spark?
Drop everything and get LIXT on radar right now. Also, do this: